Zhou Xiaochuan, former president of the central bank: Libra heralds a stronger global currency in the future

On July 9th, at the seminar on “China's Foreign Exchange Management Reform and Development”, Zhou Xiaochuan, former president of the central bank and president of the China Finance Association, focused on Libra's issuance, the development of future currency under the globalization situation, and the need for the renminbi. The response was discussed. It said that in the future, there may be a more internationalized, globalized currency, a strong currency that causes the major currency to exchange relations with it. This thing is not necessarily libra, but from the trend of recent years, there will be many institutions and people trying to establish a currency that is more conducive to globalization.